Atb Cap Markets Expects Higher Earnings for Canopy Growth

Canopy Growth Corporation (NASDAQ:CGC) – Equities research analysts at Atb Cap Markets upped their Q3 2026 EPS estimates for Canopy Growth in a research note issued on Sunday, November 9th. Atb Cap Markets analyst F. Gomes now anticipates that the company will earn ($0.07) per share for the quarter, up from their prior forecast of ($0.13). The consensus estimate for Canopy Growth’s current full-year earnings is ($2.81) per share. Atb Cap Markets also issued estimates for Canopy Growth’s Q4 2026 earnings at ($0.07) EPS, FY2026 earnings at ($0.31) EPS, FY2027 earnings at ($0.22) EPS, FY2028 earnings at ($0.09) EPS, FY2029 earnings at ($0.06) EPS and FY2030 earnings at ($0.04) EPS.

CGC has been the subject of several other reports. Wall Street Zen raised Canopy Growth from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research raised Canopy Growth to a “hold” rating in a report on Tuesday, August 12th. Benchmark upgraded Canopy Growth from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Canopy Growth in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Canopy Growth presently has an average rating of “Strong Sell”.

Canopy Growth Trading Up 2.1%

Shares of CGC traded up $0.03 during midday trading on Wednesday, hitting $1.23. 554,226 shares of the stock were exchanged, compared to its average volume of 13,695,815. Canopy Growth has a 52-week low of $0.77 and a 52-week high of $4.25. The stock has a fifty day simple moving average of $1.35 and a 200 day simple moving average of $1.35. The firm has a market cap of $293.82 million, a P/E ratio of -0.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.12 and a current ratio of 5.50.

Canopy Growth (NASDAQ:CGC) last issued its quarterly earnings data on Friday, November 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.10. Canopy Growth had a negative net margin of 113.21% and a negative return on equity of 61.97%. The firm had revenue of $47.86 million for the quarter, compared to analyst estimates of $71.82 million.

Institutional Investors Weigh In On Canopy Growth

A number of large investors have recently modified their holdings of CGC. Tidal Investments LLC grew its position in Canopy Growth by 31.5% in the second quarter. Tidal Investments LLC now owns 5,033,793 shares of the company’s stock valued at $6,141,000 after acquiring an additional 1,204,530 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Canopy Growth by 10,308.3% in the 1st quarter. Jones Financial Companies Lllp now owns 969,533 shares of the company’s stock valued at $882,000 after purchasing an additional 960,218 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Canopy Growth by 9.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 584,755 shares of the company’s stock valued at $854,000 after purchasing an additional 52,214 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Canopy Growth by 64.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 330,278 shares of the company’s stock worth $301,000 after purchasing an additional 129,620 shares in the last quarter. Finally, AdvisorShares Investments LLC lifted its stake in Canopy Growth by 249.6% in the 3rd quarter. AdvisorShares Investments LLC now owns 322,162 shares of the company’s stock valued at $470,000 after purchasing an additional 230,000 shares during the last quarter. Institutional investors and hedge funds own 3.33% of the company’s stock.

Insiders Place Their Bets

In other news, insider Christelle Gedeon sold 16,929 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $1.74, for a total transaction of $29,456.46. Following the completion of the sale, the insider owned 368,488 shares in the company, valued at approximately $641,169.12. This trade represents a 4.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Luc Mongeau acquired 27,469 shares of Canopy Growth stock in a transaction dated Monday, September 22nd. The shares were purchased at an average price of $1.82 per share, with a total value of $49,993.58. Following the acquisition, the chief executive officer owned 812,368 shares of the company’s stock, valued at approximately $1,478,509.76. This trade represents a 3.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have sold 50,300 shares of company stock valued at $84,373. Company insiders own 0.16% of the company’s stock.

Canopy Growth Company Profile

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.